U.S. venture capital's digital coin quandary: cash-rich startupsU.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. However, venture capital firms moving into the world of digital currencies face unprecedented pushback. Some issuers limit the size of pre-sale deals, making venture capital firms scramble like everybody else for sought-after public offers. "Whether VCs like it or not, venture capital will become a very small part of capital formation," he said. Venture capitalists recognize digital coin sales as a genuine disruptive force, but argue they still have a role to play - helping blockchain startups build teams and devise longer-term business strategies.

Source: VietNamNet News July 24, 2017 07:41 UTC